Institutional — Core Plus

PIA Core Plus portfolios invest in the broad fixed income markets and have the ability to use sectors outside of the traditional investment grade indices, particularly high yield, to opportunistically add value. Core Plus portfolios are suitable for those clients looking for their fixed income exposure to produce a higher level of income and return potential than a traditional core approach. These strategies invest along the entire yield curve and are managed for risk-adjusted yield and the potential for capital appreciation. The portfolios primarily invest in Treasuries, Agencies, Investment Grade Corporates, Mortgage-Backed Securities and High Yield Corporates and can opportunistically invest in Convertible Bonds, CMBS, ABS and International Debt to take advantage of risk-adjusted yield opportunities in those sectors.

PIA’s core plus investment process balances the quantitative nature of our yield curve analysis and neural network methodology with fundamental research to produce a portfolio that emphasizes sector selection, yield curve positioning, duration management and security selection in an attempt to produce above average risk-adjusted yields in undervalued sectors, while providing an opportunity for capital appreciation. The Core Plus style allows the firm to employ additional tools, including our High Yield and Mortgage-Backed expertise, to provide a broader income approach. The risk measurement is an integral component to this process so that the portfolio is not biased towards higher risk sectors.